Arbeitspapier
A mechanism for Thawing the credit markets
This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 551
- Klassifikation
-
Wirtschaft
Financial Crises
General Financial Markets: General (includes Measurement and Data)
Asymmetric and Private Information; Mechanism Design
Economics of Contract: Theory
- Thema
-
Mechanism design
credit markets
incentive scheme
Mechanism Design
Asymmetrische Information
Kreditmarkt
Vertragstheorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Karni, Edi
- Ereignis
-
Veröffentlichung
- (wer)
-
The Johns Hopkins University, Department of Economics
- (wo)
-
Baltimore, MD
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Karni, Edi
- The Johns Hopkins University, Department of Economics
Entstanden
- 2009